CFPB-PR-241204-2 (12-04-24) CFPB Bans Student Loan Pro and Owner for Fee Harvesting Scheme – Company unlawfully charged upfront fees to borrowers for accessing free debt relief programs Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action to permanently ban Student Loan Pro and Judith Noh, its owner, from offering or providing consumer […]
Category: Student Loans
Student Loans play a crucial role in helping individuals pursue higher education, but they come with potential pitfalls, including the risk of fraud. Understanding the types of student loans, recognizing the signs of fraud, and being proactive about protecting personal information can help borrowers navigate the complexities of student financing while minimizing risks. As the education and financial landscapes evolve, awareness and vigilance will be key to ensuring a positive borrowing experience.
CFPB-PR-241115-1 (11-15-24) CFPB Report Details Student Borrower Harms from Servicing Failures and Program Disruptions – Analysis of 18,000 borrower complaints reveals payment processing errors, inaccurate bills and repayment information, and unhelpful customer service Excerpt: WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today released the annual report of the CFPB Student Loan Ombudsman, highlighting the severe difficulties reported […]
( Student Loans – Article ) ( Articles ) ( Student Loans ) Student Loans (SLP) Introduction SLP are financial products designed to help students pay for their education. While these loans can provide essential funding for tuition, fees, and living expenses, they can also lead to significant financial burdens if not managed properly. The […]
CFPB-PR-241113-2 (11-13-24) CFPB Survey Reveals Impacts of Student Loan Debt Relief and Repayment Challenges – Debt relief recipients report being able to make beneficial changes in their lives; many borrowers still unaware of repayment options Excerpt: WASHINGTON, D.C. – Today the Consumer Financial Protection Bureau (CFPB) issued its first results from its Student Loan Borrower […]